lindsays news

Demand for Dundee property remains strong

Published: 15/09/2017 Last Updated: 15/09/2017 13:55:42 By: Chris Todd Tags: Dundee propertyDundeeTaysidebuying property

Dundee’s housing market has been active throughout 2017. With demand still outstripping supply, it’s a good market for sellers. Because of this, we’re seeing more sellers setting closing dates – a trend that’s also apparent in strong markets such as Edinburgh.

The market is very active in the usual hotspots of the West End and Broughty Ferry, but also in more affordable areas such as St Marys, Douglas, Downfield and Brackens.

Over the past 12 months, average prices in Dundee have risen 2.4%, according to the latest available Registers of Scotland (RoS) figures, published in July 2017. So it seems that events in the wider world – from Brexit to June’s general election – are not denting prices or confidence.

 

Our own experience is that buyers and sellers in Dundee, and beyond, have a ‘just get on with life’ mentality. Since the 2008 credit crunch, the market is used to operating in an unpredictable political and economic landscape, so Brexit and the UK election just come as ‘more of the same’.

This is reassuring for both sellers and buyers. It is also encouraging to see that interest rates are predicted to remain low as this will help to keep the marketplace in Dundee and surrounding areas active as we move into autumn.

If you’re thinking of selling this autumn, professional advice and market knowledge will help you achieve a good price and good sale conditions, and make the most of the demand for property in Dundee.